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Saturday, November 7, 
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SABMiller, InBev play games with Modelo?

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corona.gifThere are now rumors that SABMiller plc held talks to explore merger options with Grupo Modelo SAB de CV and InBev SA, according to Reuters. The discussions have included the possibility of SABMiller acquiring part or all of Modelo, if InBev succeeds in its proposed $46.3 billion takeover of Anheuser-Busch Cos.

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Anheuser-Busch, which owns 50.2% of Modelo, has also reportedly held talks with the Mexican brewer about an acquisition. Shortly after the rumors emerged, Modelo CEO Carlos Fernandez resigned from Anheuser-Busch's board of directors.

Analysts have valued the privately held stake in Modelo at roughly $10 billion. The word from analysts was that if Anheuser-Busch were to acquire the stake, InBev would be forced to increase its bid or withdraw. However, InBev has also indicated that it would be happy to keep Anheuser-Busch's 50.2% of Modelo, sell it back to Modelo or buy the company outright with InBev stock, according to a report on CNBC. - Maria Woehr

See Dealscape: Busch family divisions show in light of InBev offer
See Dealscape: SABMiller a target?
See Dealscape: Modelo CEO resigns from Anheuser board
See Delascape: Anheuser-Busch board to meet
See Corporate Dealmaker: Anheuser-Busch buys out partner in India JV





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